California Probate Code

§ 13204.5

PROB § 13204.5 Effective Jan 1, 2023Div. 8 · Part 1 · Ch. 5

Statute text

(a)If proceedings for the administration of the decedent’s estate are commenced, a transferee is personally liable to the estate for a share of the decedent’s unsecured debts.

(b)In calculating the transferee’s share of liability under subdivision (a), the abatement rules provided in Part 4 (commencing with Section 21400) of Division 11 shall be applied, using all of the following assumptions:

(1)Transferred property under this chapter shall be treated as if it had remained in the estate for administration.

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Legislative history

Added by Stats. 2022, Ch. 29, Sec. 16. (AB 1716) Effective January 1, 2023.